In Texas, there’s no state income tax on rental income, but LLCs have formation and annual fees.This post does not create a CPA-Client relationship.

The information contained in this post is not to be relied upon.

I hope it works out and post anything that's positive with the next PM.

Its usually called a post-completion or post-purchase mortgage.

For Enclave, it seems that if we manage and post on Airbnb, our guests cannot use the water park/amenities. 

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This is my first post so forgive me if this wasn't the correct forum to post this question. 

Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.

Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.

Hey All, I saw this post recently about Home Builder Inventory being high, showing signs of a recession coming.